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Rising Wealth Gap

Just yesterday, Ray Dalio, founder of one of the biggest hedge funds, Bridgewater Associates, was on CNBC and got into a heated debate about capitalism with CNBC host Joe Kernen. Even though Ray Dalio is a billionaire, he argues that capitalism “is producing a terrible split in our country.” While Ray Dalio is not necessarily part of the problem, he argues that there is a widening gap between the 0.1% and the below the lower income. Ultimately, Dalio says that this widening income gap might damage domestic and international conflicts. I am curious to hear everyone’s thoughts.